• Most Popular
  • Most Shared

RPT-S.Korea firms put $433 mln into Bear Stearns

Mon Mar 17, 2008 9:21pm EDT

Stocks

   

(Repeats to additional subscribers)

Bonds

SEOUL, March 18 (Reuters) - Total investments by South Korean financial companies in former Wall Street giant Bear Stearns BSC.N stand at 443.1 billion won ($432.7 million), financial regulators said on Tuesday.

JPMorgan Chase & Co (JPM.N) late on Sunday said it would buy Bear Stearns for a rock-bottom price of $2 a share, one of the biggest casualties yet in the widening credit crunch that has slammed global markets. ($1=1023.9 Won)

(Reporting by Kim Yeon-hee and Marie-France Han; Editing by Keiron Henderson)

Bonds


More from Reuters

Photo

Business spending holds back economic growth

WASHINGTON (Reuters) - The economy grew at a much slower pace than previously thought in the third quarter, restrained by weak business investment and a slightly more aggressive liquidation of inventories, data showed on Tuesday.

» More Top News
Guadalupe Hernandez receives an ultrasound by nurse practitioner Gail Brown during a prenatal exam at the Maternity Outreach Mobile in Phoenix, Arizona October 8, 2009. Credit: REUTERS/Joshua Lott

Health reform inches closer

Democrats are on the verge of passing landmark legislation by Christmas, with only one more hurdle remaining.  Full Article | Video 

Healthcare Reform
Photo

The end of the carry trade?

Borrowing the dollar cheaply to fund purchases of higher-yielding assets was a no-brainer in 2009, but will it be a safe bet in 2010?  Full Article 

CURRENCIES